FAQ

What is the Stable early access program? The Stable early access program allows participants to deposit USDC on Ethereum into the dedicated pre-iUSDT vault ahead of Stable mainnet; when Stable is launched, users can withdraw to Stable via the authorized LayerZero bridge and receive iUSDT.

Are vault shares transferable? Will there be secondary markets? pre-iUSDT vault shares are not transferable, and no secondary markets are planned.

What assets do users receive on Stable when withdrawing? Users receive iUSDT on Stable.

Do I need to KYC before depositing into the program? No, users may deposit into the program before completing KYC. However, they must complete KYC by the deadline for their deposit to be marked eligible.

What happens if I don't complete KYC by the deadline? If you deposited into the program and do not complete KYC by the deadline, your total deposit amount will remain marked as non-KYC. This means your deposits will not be considered eligible for participation, and you may, at any point, redeem your shares back for your original deposit in USDC.

Are there any fees? No performance, minting, withdrawal, or managements fees are collected on deposits in this program. Users may incur gas fees related to on-chain contract interactions related to minting and redemption.

How are roles and controls handled? Role separation limits who can marks users as KYC (admin role), deploy funds (treasury role), and withdraw on behalf of users (authorized bridge). Contracts are non-upgradeable.

What if bridging is delayed or unavailable? If bridging is unavailable, after 180 days the vault moves into permissionless recovery mode: KYC users redeem for a pro-rata share of USDT and any undeployed USDC in the KYC pool; non-KYC users redeem for USDC on Ethereum from the non-KYC pool.

Where can audits and security practices be reviewed? See Audits & Security for the Zellic report, Olympix analysis, and ImmuneFi programs.